FX.co ★ Qatar Non-Oil Private Sector Growth at 3-Month High

Qatar's Purchasing Managers' Index (PMI) by S&P Global rose to 52.0 in March 2025, up from 51.0 the previous month, indicating the most rapid expansion in the non-energy sector this year. Employment figures continued to climb, albeit at a slightly slower pace compared to February's peak, marking eight consecutive months of job growth, with robust wage increases. Workforce expansion was robust across all sectors; however, construction growth slightly trailed behind the rapid advancements observed in manufacturing, services, and wholesale & retail sectors. Concurrently, work backlogs have been escalating for the seventh consecutive month, fueled by the strongest surge in new business seen in four months. On the pricing front, selling prices decreased for the eighth month in a row, albeit marginally, while the pace of salary increases was the slowest in four months. Lastly, business confidence saw an uplift, ranking among the highest levels over the past two years, driven by anticipated improvements in economic conditions.